Browse > Home / Real Estate / egypt investment property market drivers

egypt investment property market drivers

February 5, 2009

For most people interested in property for sale abroad it is the money making potential as an investor or people seeking a fantastic holiday home to relax and soak up the sun and or get active exploring and enjoying a range of leisure activities. This is especially true for people interested in Egypt property and real estate investments.

Here are some of the top reasons why investors are purchasing property in Egypt

Capital Growth: In Egypt some of the quality properties in the high demand tourist regions have increased in price by 20% – 30% year on year.

Government Incentives: The Egyptian Government’s reforms specifically designed to attract inward investment including;

No stamp duty
No capital gains tax
No inheritance tax
No stamp duty
No government tax
Less property tax than the UK

Low Cost of Living: The price of everyday consumer goods and food is a lot less than that of the UK and you will also find excellent retail shops.

Low Cost of Property: Your money will go a lot further in Egypt as you can currently purchase a nice two bedroom apartment for under fifty thousand pounds.

Wide Choice of Property: An exciting selection of apartments and villas are being built at very affordable prices meaning you can afford a luxury Egypt property for a lot less than you might think.

Favourite Holiday Destination: Egypt is a very a well known tourist country for the many unique and amazing attractions like the Pyramid of Giza or the famous the Nile river as well as lots of other historic buildings and attractions like the pharaoh’s tombs for example. Nowadays Egypt is also extremely popular with beach holiday lovers and water sports enthusiasts and scuba divers as the Red Sea is home to some amazingly beautiful scuba diving locations.

Fantastic Climate: Egypt benefits from all year round sunny weather with average temperatures of 14?C in winter to 30?C in summer creating a year-round tourist season.

Beautiful Coastline: with miles of un-spoilt sandy beaches including the Red Sea coral reefs which make for some of the best diving spots in the world which are popular with both expert and beginner divers.

Strong Tourist Market: The number of visitors to Egypt is increasing rapidly and not only the number of tourists is increasing but they are also staying for longer periods. Egypt is the number 1 tourist destination in the Middle East and the Eastern Mediterranean according to the number of arrivals and tourist nights. International tourist arrivals increased substantially over the past few years reaching about 10 million in 2007.

Good Rental Potential: Egypt being strong and growth tourist market as well as the fact that is the weather and climate is good all year round makes for great rental potential for the right kind of Egypt property in the popular resorts and locations especially along the Red Sea coast.

Growing Domestic Market: Egypt’s middle-class population is growing constantly meaning that these wealthier Egyptians have increasing consumer purchasing power and will in the market for good quality accommodation to rent or purchase. This trend will continue to increase the value of property in Egypt up and is therefore having a very good effect at driving the investment property industry.

Related Articles:

  • No Related Articles

Comments

Got something to say?

You must be logged in to post a comment.